6 May, 2015 at 1:30 am in Construction
Berkshire Buys As Utilities Suffer SetbackUtilities were caught in the vortex caused by sharply higher Treasury rates in May. The S 500 Sector Utility Total Return Index underperformed the total return of the S 500 by 11.65% for the month, the largest underperformance by the sector versus replica michael kors the broader market since November 2001, the month preceding the Enron bankruptcy. Berkshire had cash on the sidelines, and viewed this as an opportunity to buy utility assets on the cheap..
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